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Business Scoping at SIDC 2023

LPMPC
LPMPC
Cooperative Administrator

A cooperative’s business scoping process serves as a critical foundation for its economic and social mission, carefully evaluating how new ventures can create both financial sustainability and community value. This strategic exercise examines three key dimensions: market viability (assessing unmet needs and competitive landscapes), resource capacity (evaluating member capabilities and capital), and mission alignment (ensuring initiatives reinforce cooperative principles).

The process goes beyond traditional business planning by incorporating participatory decision-making, where member-owners help identify opportunities that balance profitability with social impact. Whether exploring agricultural value chains, renewable energy projects, or digital services, each potential venture is weighed against its ability to: generate member benefits, strengthen local economies, and create long-term resilience—all while upholding the cooperative’s democratic governance structure.

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